Smart contracts lie on the basis of the blockchain ecosystem. It is these contracts that allow users to interact on the blockchain, decentralized apps, and in general, on Web3. They eliminate the need for an intermediary for any transaction verification… Continue reading What are Web3 Contracts. Complete guide
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How to Avoid Scam in Crypto
Like cash, cryptocurrency can be accessed whenever you want from your digital wallet; however, banks or a central security agency do not secure it. Scammers can enter and exit without being seen if you don’t have these extra safeguards, leaving… Continue reading How to Avoid Scam in Crypto
Crypto technology blockchain
Initially, blockchain was positioned as the backbone of Bitcoin. While there are still intense debates about cryptocurrency prospects, nobody doubts blockchain technology’s bright future. Every expert out there agrees that this advancement is a game-changer. It’s one of the most… Continue reading Crypto technology blockchain
What is a token and its meaning
Nowadays, investors are turning their focus to tokens as a new way of lucratively putting their money to work and gaining profits. What exactly is a token? It’s a digital certificate that guarantees a company’s commitment to the person holding… Continue reading What is a token and its meaning
Cryptocurrency briefly and clearly
However, the first cryptocurrency addressed all existing security concerns as it was created using blockchain technology. What’s convenient about blockchain is that it can be compared to a ledger where all cryptocurrency transactions are recorded. Besides, all Bitcoin owners have… Continue reading Cryptocurrency briefly and clearly
Decentralization in simple words
Before cryptocurrency, all information in the world had been stored in a centralized way. For the storage and saving of data, separate servers were allocated. All recordings were stored on external and internal drives. To increase protection, the information was… Continue reading Decentralization in simple words
What is DeFi? The Complete Guide to Decentralized Finance
All of this is just a small part of what decentralized finance has to offer users. So, if you are looking for a complete guide to decentralized finance and have been looking for the answer to the question “what is… Continue reading What is DeFi? The Complete Guide to Decentralized Finance
Differences between Permissioned and Permissionless Blockchains
Nevertheless, blockchain is still a pretty new concept, and there could be a misunderstanding of some of its aspects — for example, the difference between permissioned and permissionless chains. This guide will tell you everything you need to know about… Continue reading Differences between Permissioned and Permissionless Blockchains
What is blockchain?
The most known blockchains are Bitcoin and Ethereum. The primary difference between blockchain and other databases is the decentralized character and the exclusion of third parties in transactions which minimizes security concerns and costs. The information in blockchains is stored… Continue reading What is blockchain?
Cryptocurrency in simple terms
Cryptocurrency is a means of payment that exists only on the Internet. It has no paper equivalent, and its value does not depend on the state. Usually, to transfer money from one person to another, you need an intermediary –… Continue reading Cryptocurrency in simple terms
